Question
Tanko Co. issued 10,000 shares of common stock on January 1, 2010 for $50,000. The par value per share is $1. On February 15, 2010,
Tanko Co. issued 10,000 shares of common stock on January 1, 2010 for $50,000. The par value per share is $1. On February 15, 2010, Tanko purchased 1,000 shares back at $6. On May 15, 2010, Tanko resold 200 shares of those treasury stock for $8 each. What is the balance of treasury stock after May 15, 2010?
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Corporate Finance, European Edition
Authors: Peter Moles, Robert Parrino, David S. Kidwell
1st Edition
0470683708, 9780470683705
